As of the afternoon session on 29/10/2026, the VN-Index is currently trading at 1,755.54 points (-0.63%) and the VN30-Index at 1,875.82 points (-0.76%), with total HOSE ETF AUM at 22.83 trillion VND. Against that tape, the three flagship domestic ETFs — E1VFVN30, FUEVFVND and FUESSVFL — are all printing below their intraday VWAP, a narrow but consistent sign that sellers, not buyers, are setting the marginal price according to HOSE / VCI order-book data on etf.com.vn.
Key Takeaways
- All three flagships trade under VWAP: E1VFVN30 at 33,680 VND (-0.12% vs VWAP 33,719 VND), FUEVFVND at 32,020 VND (-0.15% vs VWAP 32,069 VND), and FUESSVFL at 28,340 VND (-0.21% vs VWAP 28,400 VND).
- Foreign flow diverges sharply: E1VFVN30 attracted +3.15B VND net foreign buying (5D: +2.04B) while FUEVFVND saw -0.82B VND net selling (5D: -0.93B), on total HOSE ETF foreign net of +2.50B VND (buy 5.43B / sell 2.93B).
- Performance gap persists: FUESSVFL is down only -0.53% on the day versus -0.91% for E1VFVN30 and -1.48% for FUEVFVND, whose YTD return stands at -16.45%.
Price vs VWAP: Three Flagships Trade Below Fair Intraday Value
Intraday deviations remain tight but negative
Intraday VWAP is the volume-weighted average matched price for the session and serves as the closest real-time proxy for a fund's fair trading value between official NAV publications. E1VFVN30's -0.12% deviation is the tightest of the three, implying roughly 39 VND of discount per unit; FUEVFVND is 49 VND below VWAP and FUESSVFL 60 VND below.
Volume confirms directional bias
Turnover is concentrated in the two large-cap vehicles: FUEVFVND leads with 242,900 units matched (AUM 10,378B VND), followed by E1VFVN30 at 192,800 units (AUM 5,820B VND). FUESSVFL, at just 7,400 units, carries a far thinner order book — meaning its 0.21% VWAP gap is the least statistically meaningful of the set.
Foreign Flow: Secondary Market, Not Primary Creation
Order-book netting versus creation/redemption
The figures below are secondary-market foreign net trading values on HOSE — matched buy minus matched sell in the order book — and are not primary-market ETF creation or redemption flows. A positive print does not automatically imply new units were issued.
| Ticker | Price (VND) | 1D | vs VWAP | Volume | Foreign Net 1D | AUM (B VND) |
|---|---|---|---|---|---|---|
| E1VFVN30 | 33,680 | -0.91% | -0.12% | 192,800 | +3.15B | 5,820 |
| FUEVFVND | 32,020 | -1.48% | -0.15% | 242,900 | -0.82B | 10,378 |
| FUESSVFL | 28,340 | -0.53% | -0.21% | 7,400 | +0.10B | 601 |
| FUEKIV30 | 12,870 | -0.92% | +0.08% | 30,600 | +0.35B | 2,277 |
Basket context
FUEVFVND's weakness tracks its VN-Diamond basket, where FPT (15.1%), PNJ (12.8%) and MWG (12.4%) dominate. FUESSVFL's resilience reflects the VNFinLead basket — TCB (14.8%), ACB (14.2%), MBB (13.6%) — which outperformed the broad VN30's -0.76% decline.
NAV Gap: What the Discount Signals for Allocation
Reading the proxy correctly
A persistent trade below VWAP during the afternoon session typically reflects demand imbalance rather than a structural NAV dislocation; official NAV is struck on closing basket prices. Investors should verify the premium/discount against the fund's published iNAV before acting — see our methodology.
Where the liquidity sits
Total HOSE ETF trading value was 16.21B VND across 24 funds, with 2 advancers, 14 decliners and 8 unchanged — a broad risk-off session where E1VFVN30's foreign bid stands out as the single largest positive flow.
Frequently Asked Questions
1. What was E1VFVN30's foreign net flow on 29/10/2026?
E1VFVN30 recorded +3.15B VND of net foreign buying in the HOSE secondary market, with a 5-day cumulative of +2.04B VND, against a total HOSE ETF foreign net of +2.50B VND.
2. How far below VWAP did FUEVFVND trade?
FUEVFVND was at 32,020 VND versus an intraday VWAP of 32,069 VND, a deviation of -0.15% (approximately 49 VND per unit) on volume of 242,900 units.
3. Which of the three ETFs held up best?
FUESSVFL declined only -0.53% versus -0.91% for E1VFVN30 and -1.48% for FUEVFVND, though it traded the widest below VWAP at -0.21% on thin volume of 7,400 units.
Track live pricing on the Vietnam ETF market hub, review fund profiles for E1VFVN30, FUEVFVND and FUESSVFL, or compare structures side by side using our ETF comparison tool.
Disclaimer: This content is for informational purposes only and does not constitute personal investment advice.